[Texas Cotton Industries Corporation Income and Declared Value Excess-Profits Tax Return: 1943] Page: 3 of 40
This report is part of the collection entitled: Harris and Eliza Kempner and was provided to The Portal to Texas History by the Rosenberg Library.
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2. *Domestic Corporations
1. Name and Address of Paying Corporation Taxable Under Chapter 1, 3. Foreign Corporations 4. Other Corporations
Internal Revenue Code
--------------------------------------------------------------------------------------------------- $--------------- ------ $------------ ------ $----------------
------------------------------------------------------------------------- ------------------------------ ----------------------------------------------------
------------------------------------------------------------------------------------------ ----------------------- -------------------- ------
Totals------------------------------------------------------------$------ ------- --- $---------------$
Total of columns 2, 3, and 4. (Enter as item13, page1)--------------------------------------------------------$
*Except dividends received from corporations organized under the China Trade Act, 1922, and corporations entitled to the benefits of section 251 of the Internal Revenue Code, which dividends should
be entered in column 4.
Dividends on share accounts in Federal savings and loan associations in case of share accounts issued prior to March 28, 1942, should not be listed, but the amount should be included in items 32 and
86, page 1; dividends on share accounts issued on or after March 28, 1942, should be reported in column 4.
Schedule F.-COMPENSATION OF OFFICERS
Percentage of Corporation's
1. Name and Address of Officer 2. Official Title 3. Time Devoted Stock Owned 6. Amount of
to Business Compensation
4. Common 5. Preferred
------i-J .__C,1_ Lafl------- eostTeea---- -- ---- ------ PXA - - A - -------411 - &--$344Q ------- . hm n---afTxs-------------V- --A ---- -----1- 10-- 0
- ..ThompsOn_-Marfa,._T as Ic -.. a.---------------- 1 0 00
-------5.---- ----------Peeost exas--------------- ----Vice - ---- Al--------------0--------------hae----------------------------- ar00 ---- ---P r--------- -- -----------------"- ---
TotalL-mean ---- ( a io.tem--a- --- .----------tary __-------- -art ______
Total compensation of officers. (Enter as item 16, page 1)--..._ ----_..---___-----___..___------s8.10Q - 0NoTE.-Schedule F-1 (IN DUPLICATE) also must be filed with this return if compensation in excess of $75,000 was paid to any officer or employee.
Schedule G.-BAD DEBTS. (See Instruction 20) (See notes 1 and 2)
2. Net Income Reported
$--------------3. Sales on Account
$-------------4. Bad Debts of Corpora-
tion If No Reserve Is
Carried on Books.
(See note 2)$-------
If Corporation Carries a Reserve-
5. Gross Amount Added 6. Amount Charged
to Reserve Against Reserve
$ ----------- ------$---------------i. Check whether deduction claimed represents debts which have become worthless 0, or is an addition to a reserve l.
2. Not including securities which are capital assets and which became worthless within the taxable year. Such securities which became worthless within
the year should be reported in Schedule C.
Schedule H.-TAXES. (See Instruction 22) Schedule I.-CONTRIBUTIONS OR GIFTS PAID. (See Instruction 23)
Nature Amount Name and Address of Organization Amount
-----See__ he ueu---A ttXh d ------$ --- -1 - -----$ ----------- ---------------------------------$----------------------
Total. (Enter as item 23, page 1, subject to
Total. (Enter as item 22, page 1) ---------- - .,.1--?. 5 percent limitation.) (See Instruction 23) $ ----------------
Schedule J.-DEPRECIATION. (See Instruction 25)
3. Cost or Other citoEti-nA 6Esti-
Basis 4. Assets Fully De- 5. DeprecRemaininglC mated
l. Kind of Property (If buildings, state 2.Datelo Dw t include land predated n se t lowed (or allow- or Oe Bais otLie Used ng
(Dono iclue an prcite i Us a o OterBaisTo in Accu- miig 9. Depreciation Al-
material of which constructed) Acquired or other nondepre- End of Year able) in PriorBeecvrd uttn Life From towable This Year
cable property) Years Depreci-Beginning
ation
----------------------------------------- --------- ------$$--- ------- ------$$- ---------- ---$---------------- ------$-----------
---------------------------------------------------------- ---------------- --------------- --- ------
-- - - - - - - - -- ----------- ------------ ------------------- ----------- ----------- ------------ --- ---- ---
Total. (Enter as item 25, page 1)-------------------------------------------------------------------
Schedule K.-OTHER DEDUCTIONS. (See Instruction 29)
- schedule "C" - Table 3, Line-3, Capital Net Loss Carry Over From 19104.2 Return:
---Q----------- anS ky rmsL----------$ 3, 90"00
----------f- ----- - ,-4------------ .-250-
OapitalN0LLonsarycOvr- 9+2 ,5011~ 17"
I
QUESTIONS
1. Date of incorporation ..__..-...--e- 1_-__37
2. State or country ...._....__-__Texas
3. State collector's office where the corporation's return for the preceding
year was filed _u._......._____Sti
4. The corporation's books are in care of.-... Q iX-.At4Q 1-
------------------------ ---------------------- ----------------
Located at.--------_-- a --__ - -__
5. Number of places of business ------------ -------_--_-----
6. Did the corporation during the taxable year have an ,Government con-
tracts or subcontracts? (Answer "yes" or "no") _1 .-- If answer
is "yes," state the approximate aggregate gross dollar amount billed
during the taxable year under all such contracts and/or subcontracts.
(See Instruction G-(3).) $-__-None_-.------
7. Is the corporation a personal holding company within the meaning of
section 501 of the Internal Revenue Code?---0. _ (If so, an addi-
tional return on Form 1120 H must be filed.)
8. Is this a consolidated return? O------(If so, procure from the collector
of internal revenue for your district Form 851, Affiliations Schedule,
which shall be filled in, sworn to, and filed as a part of this return.)
9. If this is not a consolidated return: (a) did you own at any time during
the taxable year 50 percent or more of the voting stock of another
corporation either domestic or foreign? -_lea_; or (b) did any cor-
poration, individual, partnership, trust, or association own at any time
during the taxable year 50 percent or more of your voting stock?
_Ye__ (If either answer is "yes," attach separate schedule show-
ing: (1) Name and address; (2) percentage of stock owned; (3) datestock was acquired; and (4) the collector's office in which the income
tax return of such corporation, individual, partnership, trust, or asso-
ciation for the last taxable year was filed.)
10. Is this return made on the basis of cash receipts and disbursements?
.Y~e If not, describe fully in separate statement.
11. Did the corporation at any time during its taxable year have in its em-
ploy more than eight individuals?
(Answer "yes" or "no") . If answer is "yes," has the cor-
poration in this return taken a deduction for any amount of wages
or salaries representing an increase or decrease in rate? (Answer "yes"
or "no") ..- NQ_ If answer to second question is "yes," attach
statement explaining all such increases or decreases. If any of such
increases or decreases required the prior approval of the National
War Labor Board or the Commissioner of Internal Revenue as
stated in Instruction 16, attach also a copy of the authorization for
each of such increases or decreases.
12. State whether the inventories at the beginning and end of the taxable
year were valued at cost, or cost or market, whichever is lower
------ -- -rMarket If other basis is used, explain fully in
separate statement, giving date inventory was last reconciled with
stock.
13. Did the corporation make a return of information on Forms 1096 and
1099 or Forms V-2 and W-2 for the calendar year 1943 (see Instruction
G-(1))? --- ----
14. Did the corporation at any time during the taxable year own directly or
indirectly any stock of a foreign corporation? (Answer "yes" or
"no")__------ (If answer is "yes," attach statement as required by
Instruction K-(3).)
1-3504-1
1. Taxable Year
1939 ....- - ...... . .. ....
1940
1941
1942
1943I I
Schedule E.-INCOME FROM DIVIDENDS
Page 3
i
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Texas Cotton Industries. [Texas Cotton Industries Corporation Income and Declared Value Excess-Profits Tax Return: 1943], report, January 31, 1944; (https://texashistory.unt.edu/ark:/67531/metapth1292029/m1/3/?rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rosenberg Library.